STRENGTHS-  strong affordable housing market-  cool city with a great feel-  nicely mixed neighborhoods with properties in need of repair next to nice homes-  large university, robust medical community-  decent rents overall, currently trading at 8-10% cap rates-  Micron promises growthWEAKNESSES-  Micron hype is making people spend way too much on properties-  pesky code compliance inspections here too-  student housing area is incredibly compact and difficult to get in to-  difficult to predict if a property will benefit from renovation or not-  contractors are overwhelmed, difficult to get estimatesSummary: Syracuse is experiencing a lot of change right now, in a good way.

Purchase price: $674,000 Cash invested: $134,000 Long term rental purchased in area that is under development and predicted to rise in value over the next 5 years - 2br 2bth

There are predictions that we could see up to $800 Billion in commercial real estate defaults, meaning banks offer refi and the owners give the property to the bank rather than refi it.

Use tools like GIS mapping and data visualization to quickly and efficiently access and analyze vast amounts of data.Predictive AnalyticsUse predictive analytics to forecast future performance and risks.

We can never predict every bad case scenario, but we do need to be aware of the breaking points on each deal we invest in.

"Companies", dang predictive text ...

.- Interest rate fluctuations: Mortgage rates are predicted to decline, potentially dropping to around 6% by the end of 2024.

Tampa Bay has been experiencing significant growth and change, and I’d love to gather insights from this knowledgeable community.How do you predict the Tampa Bay market will perform over the next five years?

If you were actually at my event, you'd know that 1) I buy at wholesale prices, 2) I buy for cash flow, not for speculative appreciation, 3) we 'create' appreciation by making value-add improvements to properties, and never speculate, 4) I stabilize properties & refi out my investors in 12-18 months, allowing more predictability in interest rates & loan terms than speculating 5-7 years out like most syndicators do, 5) if the market shifts, I'm at a low enough cost basis that I have many options on what to do with the property (hold, refi, sell, etc), 6) once investors are cashed out in 12-18 months, I'm the only one with ongoing responsibility & liability (even though it's a non-recourse loan there is still some liability I take on), 7) I project for increased interest rates (which actually just dropped .25% last week, btw), lower LTVs, and lower valuations than what the market is showing right now, keeping us at very safe levels, and 8) I only buy workforce A & B class apartments (not luxury, not C/D class) which is the most insulated asset class in real estate.I have NEVER publicly pitched a deal, or even pitched a deal in my events. 

If we are getting the same yields investing in real estate, why are we working so hard, why are we dealing with less predictable cashflows, and why are we dealing with eviction/property management risk?